![Female healthcare worker visiting a young mum and her infant son at home](https://socialfinance.org/wp-content/uploads/2022/10/PSP-1-pager_female-nurse-visiting-with-mom-and-baby-1000x667.jpeg")
Impact Investments, Health, Workforce & Economic Mobility
Key Takeaway
Medicaid covers more than 40% of all long-term care costs in the U.S. Employers are also concerned about paying to train someone who could take their new skills to a different organization. Jonathan Gruber, an MIT health economist best known for his role as one of the architects of the Affordable Care Act, is pushing a different funding approach he thinks could address those concerns: the Career Impact Bond.
In this episode of the Tradeoffs podcast, hosted by health policy reporter Dan Gorenstein, Gorenstein explores whether innovative career pathways designed to upskill long-term care workers into higher-paying health care roles could address the U.S.’s looming health workforce shortage. Social Finance’s work to develop sustainable health care career pathways in Massachusetts and elsewhere is mentioned in the episode.
Listen to the Episode
Career ladders and lattices alone, regardless of who pays for them, will not be enough to fill the up to 8 million jobs needed to care for our aging population in the years to come ... But people in the field all say career ladders would help. And for individual workers, it can be huge.Dan Gorenstein
Related Insight
![Portrait Of smiling female doctor wearing scrubs In hospital corridor holding digital tablet.](https://socialfinance.org/wp-content/uploads/2020/05/Nurse-scaled-1-e1677792580428-1000x1000.jpeg")
Increasing Access to Nursing Education: Student-Centered Income Share Agreements as a Potential Solution
Making nursing education more affordable can help address the industry shortage and provide economic opportunity for students who may not otherwise be able to pursue nursing careers.